In 2024, the blanket market is estimated to be valued at US$ 8,732.1 million, with projections indicating a rise to US$ 13,176.4 million by 2034. Furthermore, the market is expected to experience a surge at a compound annual growth rate (CAGR) of 4.2% between 2024 and 2034
In the US, premium and luxury goods are in high demand, particularly among working-class residents in residential neighborhoods. Because of this, a compound annual growth rate (CAGR) of more than ~4% is predicted for the blanket market. Furthermore, the United States is experiencing a surge in home ownership due to changing lifestyles and urbanisation, which is expected to drive development in the sales volume of the blanket market.
Request a Sample Report Here: https://www.futuremarketinsights.com/reports/sample/rep-gb-8167
The demand for home textiles, particularly cozy blankets, is on the rise! This trend is driven by several factors, including:
- Increased disposable income: People have more money to invest in creating comfortable and stylish living spaces.
- Shifting lifestyles: With a growing focus on well-being, consumers are prioritizing quality sleep and relaxation at home.
- Desire for comfort: There’s a general interest in making homes feel more inviting and comfortable, and blankets play a big role in creating that cozy atmosphere.
This focus on well-being is leading to a surge in popularity for blankets made with:
- Natural and eco-friendly materials: Organic cotton, bamboo, and other sustainable fibers are increasingly sought after.
- Functional features: Temperature regulation, antimicrobial properties, moisture-wicking capabilities, and breathability are all in high demand.
Key Takeaways from the Plush Blanket Market Study
- Full-size blankets are expected to hold the leading revenue share of 21.4% in the market in 2021.
- The U.S. will hold a share 87.7% in North America in 2021, owing to the high penetration of key players in the country.
- India is a key market in South Asia, registering growth at above 10.3% CAGR owing to higher spending on premium products in the country and increasing development in the real estate category.
- Europe will continue showcasing lucrative opportunities for the plush blanket market. Demand in Germany and the U.K. will continue supporting growth in the region.
Discover Our Research Methods and Insights – Request Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-8167
Key Points Covered in Blanket Market Survey
- Market estimates and forecast 2013-2027
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
Besides launching eco-friendly products, companies are partnering with environmental protection groups to promote cruelty-free and chemical-free manufacturing. Such efforts undertaken by various organizations such as Shades of Green, Boll & Branch, and Pottery Barn are likely to promote sustainable and eco-friendly bedding and help the market grow.
Some of the leading players in the market
- Pendleton Woolen Mills
- Urbanara
- Faribault Woolen Mill Co.
- Biddeford Blankets LLC
- Hudson’s Bay Company, Boll & Branch Co.
- American Blanket Company
- Shanghai Easun Group
- Medline Industries Inc.
- Kanata Blanket Company
- Jarden Corporation
- Beurer GmbH
- New Zealand Wool Blankets Ltd.
- Barker Textiles
- UAB Silkeborg
- Morphy Richards Ltd.
Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/8167
Global Blanket Market by Category
By Product Type:
- Electric Blanket
- Regular Blanket
By Material Type:
- Wool
- Cotton
- Polyester
- Others
By End-User:
- Residential
- Commercial
By Sales Channel:
- Wholesalers/ Distributors
- Hypermarkets/ Supermarkets
- Specialty Stores
- Multi-brand Stores
- Independent Small Retailers
- Online Retailers
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube